PORTFOLIO MANAGER OF THE RIVEMONT CRYPTO FUND

Canada’s Only Authorized Actively Managed Crypto Fund

Future investment results will differ from past results. The units of the Fund are available under the National Instrument 45- 106 Prospectus and Registration Exemptions and are therefore only available to accredited investors. This document does not constitute a recommendation nor an investment advice and is presented for information purposes only.

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Rivemont is the portfolio manager responsible for the investment decisions of the Rivemont Crypto Fund.

The Rivemont Crypto Fund, launched on December 14th, 2017, is aimed at qualified Canadian investors. It is currently the only actively managed fund in Canada. The Rivemont Crypto Fund offers the widest selection of within its portfolio composition. Rivemont can trade the following cryptocurrencies:

Bitcoin Ripple Cash (BTC) (ETH) (LTC) (XRP) (BCH) (ETC) (ZEC).

More will be gradually added following the regulators’ approval.

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Rivemont Investments

Rivemont Investments is a Canadian-based firm founded in 2010 and duly registered with the securities commissions in British-Columbia, Alberta, Ontario and Quebec. At Rivemont, our objective is to grow our clients’ portfolios by offering performing strategies in all market conditions. As such, we offer the Rivemont Crypto Fund, which enhances the risk/return ratio of diversified portfolios.

President and Founder : Martin Lalonde, CFA, MBA Firm assets : 63 million $

OUR PRODUCT OFFERING DISTRIBUTION OF OUR MANDATES

11%

Absolute Return Fund Rivemont Rivemont Crypto 9% Private Wealth Fund Crypto Fund

11%

MicroCap Fund

Rivemont Rivemont Absolute Return 69% MicroCap Fund Fund Traditional mandates

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Our Management Team

Martin Lalonde MBA, CFA President and portfolio manager Martin is responsible for the management of the investment strategies of the firm. He has many years of experience in the financial markets and held the position of Senior analyst, investment and mergers and acquisitions for a major Canadian organization..

 Master’s degree in Business Administration (MBA) from the University of Ottawa.  Specialization in international trade at l’École supérieure de commerce of Reims, in France.  Chartered Financial Analyst (CFA).  Member of Leaders Club of the Gatineau Chamber of Commerce

Jean Lamontagne CFA Vice President, Business Development and Client Servicing Jean is mainly responsible for promoting the strategies of the firm with private clients, brokers, consultants and financial planners. He also acts as portfolio manager for the Rivemont MicroCap Fund.  Chartered Financial Analyst (CFA).  Bachelor's degree in actuarial science from Laval University.  Previously held the position of Vice President at Triasima Portfolio Management and occupied senior consulting roles at Towers Watson and Towers Perrin.  . He has more than 30 years of experience in the areas of investment and retirement plans

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External Consultant

Philippe Jetté Main Consultant, Rivemont Crypto Fund

Philippe is responsible for the analysis of the cryptocurrencies for the Rivemont Crypto Fund. Passionate about emerging technologies, Mr. Jetté has closely followed the development of the technology and has an in-depth understanding of its many advantages, both as a currency and on the various industries that can be reinvented thanks to this revolution.

 Active on the cryptocurrency market since 2013.  Compelling returns.  Advanced expertise in fundamental analysis of cryptocurrencies.  Holder of a Canadian Securities Course Certificate from the CSI.

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Cryptocurrencies versus Traditional Currencies

The main difference between traditional currencies (fiat money) and cryptocurrencies is the complete decentralization of the latter. Purely electronic, they do not require any banking intermediary. Its value is based on its immutability, the lack of central link risk, its limited supply, and all the computer work supporting the and ensuring its security.

The main features of cryptocurrencies are as follows:

Completely decentralized. Not issued by a central authority.

Virtually instantaneous transfers.

Very low transaction fees in comparison to traditional bank transfers.

All transactions are fully public and easily identifiable.

• They are nevertheless anonymous, since they use a cryptographic address rather than your own identity.

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What is a Cryptocurrency? And a Blockchain?

At its core, a cryptocurrency is a large ledger containing all the transactions in its history.

It relies on cryptographic technology, which allows to authenticate the transactions via a personal signature impossible to guess or duplicate.

All transactions are electronically announced on the network. They are integrated into transaction blocks, which are then validated by computers that solve complex calculations to get there. When a block is validated, it is added right after all the blocks that precede it.

All of these blocks constitute the blockchain. The latter is completely immutable, preventing any possible fraud on the protocol itself.

While blockchain technology was initially developed to reinvent the financial transaction system, its scope is now much broader. This revolution is considered as important as the arrival of the internet was in the 1990s.

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The Blockchain Technology – A New Paradigm

Blockchain technology has the potential to have an impact on our society as wide as the birth of the internet. If one already knows its advantages as a currency, many other industries are likely to be the subject of a revolution linked to the blockchain in the decade to come:

Online security Global voting systems Car sales and rental Networking

Gaming industry Online music industry Sharing economy Online market exchanges

Real estate market Insurance industry Health system data Supply chain transactions

Cloud data storage Energy management Loyalty programs Government payment systems

Firearms registry Notarial contracts, including Charitable donations integrity Human resources wills management

And many more!

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Why investing in cryptocurrencies?

• A revolutionary technology that is just entering the adoption phase. It is no longer a question of whether it will be implemented in many industries, but rather when, how, and with which protocol.

• Institutional and traditional investor money is just starting to get in the market. It is so complex for the average person to buy cryptocurrencies. Soon, it won’t be the case anymore.

• Overall capitalization of $395 billion US as of November 3rd, 2020. The growth potential is huge. In comparison, gold's capitalization is $9 trillion US, $30.5 trillion US for the S&P 500 and $1.88 trillion US for Apple alone.

• A non-correlation that could, in the opinion of many analysts, become an inverse correlation to traditional investments. A perfect hedge in a balanced portfolio.

• Without a doubt, the most promising asset class for the risky part of a diversified portfolio.

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First and foremost, bitcoin

The most popular and known cryptocurrency is without a doubt bitcoin. This currency is not a blockchain among many others, but the currency that has created this brand new revolutionary technology.

Here are some relevant information about the Bitcoin: • Founded in 2009 by a mysterious programmer nicknamed . • Capitalization of $254 billion US as of November 3rd, 2020.

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Bitcoin, the New Digital Gold

As the bitcoin evolves, it is increasingly compared to gold, the historic safe haven par excellence. Like gold, bitcoin has key features to be considered as currency, such as:

Its portability His control by the Its fungibility Its divisibility Its ease of use (constantly holder growing)

If its acceptance, another primordial function of money, does not depend on trust in the authority that a central bank represents, it is rather the immutability of the network, the scarcity of the asset and the decentralized computer work removing any compromising central link that gives the bitcoin its implicit value.

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Bitcoin, Common Currency or Safe Haven?

If the creator of bitcoin first tried to develop a common currency, the asset is gradually developing an inverse correlation with the stock markets.

In addition, while bitcoin has long been considered one of the riskiest assets due to its volatility, it is nevertheless increasingly being used as a safe haven against the uncertainties of traditional markets. While it would have long been the first asset liquidated in the event of a crisis, we are witnessing more and more the opposite phenomenon, the crypto-asset offering an opportunity for uncorrelated or inversely correlated returns to the stock markets.

Bitcoin, by its unique nature, could therefore have these two joint characteristics. With the development of the Lighting network, which increases transactional capacity, bitcoin could be a safe haven that is commonly used for payments, thereby gradually reducing its volatility, without reducing its return potential.

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A Deflationary Currency

The most obvious risk facing traditional currencies is a badly managed or corrupt central bank, which can lead to hyperinflation. To this end, bitcoin is the perfect refuge, being a deflationary currency.

Venezuela is experiencing such a period of hyperinflation. For the week ending August 3rd, 2019, the amount of Venezuelan Bolivars exchanged for rose to 67 billion. Here is a chart from the coin.dance website that shows this transition from fiat currency to bitcoin in Venezuela to avoid a decline in net wealth.

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A Known, Fixed offer, and Halving

Never more than 21 million bitcoins will be created. 88% of them have been created as of November 2020. It will take 120 years for the remaining 12% to be created. And of this latent offer, 90% of it will be discovered by 2024.

This phenomenon is due to the halving of the number of bitcoins created for each four-year period. Right now, 6.25 bitcoins are created for an average block period of ten minutes. This rate will decrease to 4.125 in May 2024 for the same block period.

This fully-known, fixed and predictable offer is putting upward pressure on prices. It goes without saying that at equal demand, the halving of supply pushes the bitcoin value upwards. We witnessed this momentum with every previous halving as shown by the graph on the next page. We can see that the price prediction corridor for the years that followed the halvings were fairly well respected.

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Bitcoin Price History at Previous Halvings

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Altcoins

There are hundreds of parallel cryptocurrencies with high potential:

• The global capitalization of cryptocurrencies is $395 billion US as of November 3rd, 2020.

• Ethereum recorded a growth of more than 5,700% in 2017, Neo more than 24,000% and Ripple 39,000%.

• They propose a revolution to many industries. We are only at the dawn of their implementation.

• The Rivemont Crypto Fund can take advantage of price trends in these Altcoins to maximize investor returns.

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Rivemont Crypto Fund

Launched on December This is one of three Rivemont is registered as 14th, 2017 Rivemont alternative a portfolio manager with The objective of the funds, alongside the the Autorité des marchés Fund, in addition to Rivemont Absolute financiers (AMF), the obviously allow Return Fund and the Ontario Securities exposure to the Rivemont MicroCap Commission (OSC), the emerging market of Fund. Rivemont also Alberta Securities cryptocurrencies among offers traditional private Commission (ASC) and investors, is above all to wealth strategies. the British Columbia generate a higher return Securities Commission than the growth of the (BCSC). global capitalization of cryptocurrencies. We also seek to outperform indices developed for cryptocurrency funds, including the Barclay Cryptocurrency Index.

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Successful Returns

Despite the fact that the fund was launched at the beginning of a major price correction in the cryptocurrency markets, the performance objective has been met. The graph shows the performance as at October 3oth 2020 compared to the Barclay

Cryptocurrency Index. Year-to-date, the

Fund is up 56.5% (net of all fees)

The most recent returns can be viewed by clicking here.

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Why use the Rivemont Crypto Fund to Invest in Cryptocurrencies?

• The only actively managed fund of cryptocurrencies in Canada.

• Canadian fund with the widest selection of cryptocurrencies within its portfolio composition.

• Eligible for RRSP and TFSA investments.

• Take advantage of the cryptocurrencies performance without compromising the security element and

without the personal ownership of assets risk.

• Access to cash. No investment lock-up.

• A team at the forefront of the industry solutions. We are actively working to continually expand our investment opportunities to maximize our investors’ potential return.

• No minimum or maximum allocation for each cryptocurrency. Ability to quickly protect against drops by converting to fiat money.

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Rivemont Crypto Fund – Management Philosophy

The objective of the Fund is to target cryptocurrencies with strong fundamentals with high yield potential. Combining fundamental analysis with a trend following approach, the Fund aims to generate a return higher than the increase in the overall market capitalization of cryptocurrencies.

• A rigorous fundamental analysis focusing on cryptocurrencies providing innovative solutions to various industries and which have been developed and are managed by seasoned teams.

• A proven trend following approach to limit investor risk without sacrificing yield potential.

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Rivemont Crypto Fund – Fundamental Analysis

The Rivemont Crypto Fund focuses on projects with strong fundamental qualities. We are looking for projects with the following characteristics:

• Renowned founders. • Team of seasoned developers.. • Bringing a tangible solution to an industry problem. • Clear timetable. • Sufficient funding. • Which are trading on enough platforms to ensure their growth and sufficient liquidity. • Which have an effective communication team. It’s important to remember that virtual currencies rely heavily on their decentralized development community.

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Rivemont Crypto Fund – Trend Following Analysis

If the choice of cryptocurrencies is initially based on a fundamental analysis, the timing of buying or selling a cryptocurrency is based on a trend following approach, very unique to Rivemont.

A trend following approach does not attempt to predict the This approach reduces the This approach nevertheless future. On the contrary, this exposure for investors. Thus, a allows to benefit from long strategy demands that a clear position at a loss is quickly bullish period since a trend emerges before taking a liquidated in favor of a position cryptocurrency will be kept in position. with a more defined trend. the Fund as long as its trend is not broke

If you want to know everything about the market, go to the beach. Push and pull your hands with the waves. Some are bigger waves, some are smaller. But if you try to push the“ wave out when it’s coming in, it’ll never happen. The market is always right.

Ed Seykota – Famous trend following trader.

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Rivemont Crypto Fund – Other Benefits

1 Diversification against market uncertainty.

2 High return potential, unparalleled to the stock market.

3 Volatility is inversely proportional to the massive adoption of the technology, with no effect so far on the returns of crypto assets.

4 A simplified way to invest in the emerging market of cryptocurrencies with the expertise of seasoned analysts in the field.

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Rivemont Crypto Fund – The Investors

The Rivemont Crypto Fund is for investors:

• Looking for an investment with high return potential.

• In search of diversification and opportunities uncorrelated to traditional markets.

• That are risk-tolerant and able to withstand short-term volatility in return of a significantly higher return potential over the medium and long term.

• Having a long investment horizon and no short-term needs to liquidate their position in the Fund.

Rivemont is registered with the AMF (Quebec), OSC (Ontario), ASC (Alberta) and BCSC (British-Colombia).

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Rivemont Crypto Fund – What’s in it?

• The Rivemont Crypto Fund is currently the Canadian fund with access to the widest selection of cryptocurrencies. We can currently invest in:

Bitcoin Ethereum Litecoin Ripple Ethereum Classic Zcash (BTC) (ETH) (LTC) (XRP) (BCH) (ETC) (ZEC).

• Looking forward, when the industry will develop further to offer institutional solutions, our medium-term goal is to include in the fund:

 Several emerging altcoins with strong fundamental bases.  Possibility of arbitrage to take advantage of the spreads between the different brokers used.

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Rivemont Crypto Fund – What’s in it – bitcoin (BTC)

There will never be more than 21 million Bitcoins in circulation, somewhere in 2140. Current float is over 18.5 million, with several million estimated lost. Demand is rising rapidly while supply is limited and fixed.

The new bitcoins emissions (halving) will be reduced from 6.25 bitcoins / blocks to 3.125 bitcoins / block in 2024. This phenomenon occurs every 4 years.

The standard cryptocurrency on the market. It is difficult to integrate the market or trade without buying / selling bitcoins. Market dominance with capitalisation representing over 64% of total capitalisation of cryptocurrencies as of November 3rd, 2020.

Current development of the , allowing to greatly decongest the network by allowing transactions on off-channel levels, increasing the blockchain transaction capacity.

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Rivemont Crypto Fund – What’s in it – ethereum (ETH)

A decentralized super computer that allows the management of such decentralized applications (dapps) in the form of smart contracts. A is simply a contract that runs automatically without intermediary when the programmed conditions are met.

Ethereum is a platform on which any company can build its decentralized solution. It affects several industries. The use of the network requires a fuel called ETH. It’s ETH that’s trading on the markets.

Cryptocurrencies (tokens) are also created within the Ethereum network. They are called ERC-20 tokens.

Great leader as cryptocurrency platform in the industry. 2,652 applications are currently built on the network. Transactions on the Ethereum network count for more than 50% of all transactions, all cryptocurrencies combined.

Many major partners via the Enterprise Ethereum Alliance, including AMD, CISCO, JP Morgan, MasterCard, Microsoft, Pfizer, Samsung, Scotiabank, Shell and Toyota.

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Rivemont Crypto Fund – What’s in it – litecoin (LTC)

A Bitcoin created in 2011 by Charlie Lee. This is a very similar protocol but uses a different cryptographic algorithm ( instead of SHA-256). Blocks are discovered four times faster than for Bitcoin. The total circulation is and will always be four times larger than the Bitcoin one.

A fast and proven network allowing easy micro-transactions, unlike Bitcoin at the moment. Transactions are much less expensive. The network is also often used as a development network for Bitcoin innovations.

LTC is for BTC what silver is for gold. Because of its long history, virtually all merchants accepting BTC payments also accept LTC payments. This currency is also virtually offered on all exchanges.

Despite several similarities, its capitalization is equal to approximately 1.4% of the Bitcoin one as of November 3rd, 2020. LTH has a stronger growth potential than the global capitalization of cryptocurrencies.

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Rivemont Crypto Fund – What’s in it – bitcoin cash (BCH)

A Bitcoin Fork created in August 2017, in response to the inability to get to a consensus on the best way to scale the Bitcoin

The Bitcoin Cash team claims to represent the "real" Bitcoin according to the creator's vision, keeping all the transactions on the blockchain (unlike the Bitcoin Lightning network solution).

The market has so far refused this proposal, the price of a Bitcoin Cash representing between 1% and 2% of the price of a Bitcoin. Nevertheless, the Bitcoin Cash community is made up of many "original" Bitcoin enthusiasts.

The current solution solved the problems, at least in the short term, that still exist with the Bitcoin. The transaction fees are minimal and the network has a tenfold increased capacity..

Fast adoption by merchants for micro-transactions. Competitor of Litecoin for this purpose. Potential for large price variations, which makes it a very interesting asset to add to the portfolio

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Rivemont Crypto Fund – What’s in it – ripple (XRP)

Ripple (XRP), unlike all other projects presented, is a centralized and managed one, by the company Ripple. It is a payment protocol developed for the global banking system. Offers an innovative solution to the old "SWIFT" system.

Many major global partnerships. Already used by different institutions including Santander, UniCredit and UBS. In test phase with Western Union.

Ripple adoption and their private network =/= public network adoption and the XRP currency. The private network facilitates transactions, while the XRP (xrapid) public network aims to facilitate access to local currency liquidity, as well as to reduce the need for such liquidity by banks.

4th in global capitalization. Cryptocurrency recognized and adopted, at a similar level than Litecoin. The protocol centralization can represent a relevant hedge versus entirely decentralized cryptocurrencies.

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Rivemont Crypto Fund – What’s in it – ethereum classic

Ethereum Classic represents the original Ethereum project, while Ethereum is actually a fork of Ethereum Classic. This fork was proposed and accepted by a large majority of the ETH community in response to a fraud on the decentralized application The DAO on June 17, 2016, where 3 million ETH were stolen.

In order to reverse this fraud that had drained the funds available for development, a proposed fork received 85% of the miners support. ETC was born. The 15% remaining, believing that this goes against the blockchain philosophy, keep following the main chain, called Ethereum Classic.

Ethereum Classic represents an opportunity for diversification in the portfolio, which can allow secondary positions in trends that would be specific to this cryptocurrency.

The development of this chain continues, although it is much more limited than on the Ethereum chain. Any project can nevertheless choose this channel to develop, which would open the door to a substantial increase in value if a major player decided to take that direction.

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Rivemont Crypto Fund – What’s in it – Zcash

Zcash (ZEC) was founded in 2016 as an emerging project of the Zerocoin protocol (founded in 2013, which proposed itself as an addition to the existing Bitcoin network). Unlike Bitcoin which offers only one type of transaction where all transactions can be identified, ZEC seeks to provide an additional level of confidentiality. ZEC offers transparent transactions identical to the bitcoin network (public addresses starting with the letter t), but also transactions using the zeroknowledge proof protocol, called zk-SNARKs (public addresses starting with the letter z).

Zcash is the 33rd most popular cryptocurrency in terms of its overall capitalization. As of November 3rd, 2020, it is $545 million US. With an issuance similar to bitcoin and a cap of 21 million units, each Zcash trades around $52 USD as of November 3rd, 2020.

Zcash is a fully decentralized cryptocurrency, in the sense that Zcash does not control the tokens distribution, nor its mining. In this sense, it respects the fundamental principles of a cryptocurrency. Its protocol has not been flawed and its technological development is active. Its founder, Zooko Wilcox, has 20 years of experience in IT security and decentralized and cryptographic systems.

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Administrator SGGG Fund Services

Registrar SGGG Fund Services

Principal exchanges Appendix A Available on request Stakeholders Auditor KPMG

Legal Documents Fasken Martineau

Trustee TMX Trust

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Structure Mutual Fund Trust

Units Private placements, accredited investors only Investment Fund Manager Appendix B Majestic Asset Management Investment Advisor Structure Rivemont Investments Inc. Eligible for RRSP and TFSA Yes

Valuation/subscriptions/redemptions Weekly/weekly/Monthly

High Water Mark Yes

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Annual Rate CLASS A CLASS B CLASS F [MAJ710] [MAJ714] [MAJ711]

Fixed fee Appendix C 2,0% 1,5 % 1,0% Performance fee Management Fees 20% 20% 20%

High water mark Yes Yes Yes

Rivemont Investments : Rivemont Crypto Fund THANK YOU !